Despite Elevated Borrowing Costs, Buying Is Cheaper Than Renting in These Affordable U.S. Metros

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Despite Elevated Borrowing Costs, Buying Is Cheaper Than Renting in These Affordable U.S. Metros

For the past several years, priced-out prospective homebuyers have retreated into a red-hot rental market for more affordable housing alternatives, but renting isn’t cheaper than buying in all U.S. metro areas. By December 2022, the typical renter in the 50 largest U.S. metros dished out roughly $800 more a month for a starter home than
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